The credit channel of monetary policy: direct survey evidence from UK firms
UK firm survey data validates that external borrowers face larger cost-of-capital increases and cut investment more than internal funders when rates rise, accounting for a quarter of monetary policy's total effect.
Featured in No. 132 on 25 Sep 2026 · 11 days after release
- Released
- 14 Sep 2026
- First featured
- No. 132 · 25 Sep 2026
- Published in
- Not yet, as far as Semantic Scholar knows
- Fanfare
- 3 of 5
- Identifier
- RePEc:boe:boeewp:023260
- Authors
- Krishan Shah et al.
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